BNB traded at $788 on October 4, 2026, posting a 2.5% gain over the last 24 hours and extending its seven-day growth trend to 1.2%. The coin’s market capitalization stood at $105 billion, with a circulating supply of 130 million tokens.
The early-month gains continued the price momentum from the third quarter. After booking an 18% surge in August, the Binance chain token secured an 11% increase in September - lifting the price from $691 to the $768 mark.
Slashing Supply Toward 100 Million
Traders have begun eyeing the 37th token burn scheduled for mid-October. BNB Chain follows a standard rule of burning a portion of its token supply at the start of every quarter in January, April, July, and October.
During the previous burn on July 15, developers burned 1,615,827.795 tokens valued at $931.7 million. That burn reduced the market supply to 133,166,127.91 BNB. The quarterly token burn schedule is programmed to continue until total circulating supply reaches the final target of 100 million tokens.
The network has paired the supply reduction with technical upgrades. The activation of the Pasteur hard fork in August increased block gas capacity by up to 28%. By mid-September, system data showed that 98% of produced blocks were using the new standard.
Tokenized Stock Market Surpasses One Billion
BNB’s price trajectory has also been aided by growth in the real-world asset sector. According to June data, the value of the tokenized stock ecosystem on the BNB blockchain surpassed a $1 billion market cap. The network hosts more than 709 tokenized equity products, with cumulative trading volume crossing the $5 billion mark.
Product expansion continues to be driven by the BNB Chain Tokenized Stocks Hackathon. The competition offers a total prize pool of $20,000, with a submission deadline of October 11. Organizers have scheduled the winner announcements for the week of October 26.
Price Wall Around Eight Hundred
A series of on-chain catalysts now faces a thick sell wall in the market. Resistance has accumulated in the $800-$807 range, while price support sits around the $750 level.
BNB’s current price remains 42% below its all-time high (ATH) of $1,369.99. Momentum indicators are also flashing a neutral stance: the monthly Relative Strength Index (RSI) sits at 56.66, while the monthly MACD has yet to confirm a bullish crossover pattern.
Breaking through the tough $800 barrier over the next two weeks will serve as a true test of market momentum fueled by the 37th token burn.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
